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Submission center opens in China

A new company has been established in Guangzhou, China, to operate a submission center for Certified Collectibles Group companies Numismatic Guaranty Corporation, Numismatic Conservation Services and Paper Money Guaranty, the group announced June 23.

Guangzhou National Standard Numismatic Collection Grading Co., Ltd., opened formally in June and is now accepting submissions. The new organization is allied with the Guangdong Province Coin Collection Association, the most active and widely known numismatic association in China.

A submission center serves dual roles, CCG says. First, it assists both collectors and dealers with the submission process, handling international transport and insurance to CCG headquarters in Sarasota, Fla. Second, in the country that its operates, it provides information about certification services provided by CCG.

“Removing barriers and making it easy to send collectibles to us for certification from anywhere in the world is a central component of our growth internationally,” said Steve Eichenbaum, CEO of CCG. “Already, considerable interest is being shown for certified coins and currency in China and we are very fortunate to have formed this partnership with an exceptional group of professionals in Guangzhou.”

In China, easy access to professional certification services will help the market expand and develop, according to CCG. Already among coin collectors the Chinese market has emerged as an important segment, due in part to the considerable popularity of the Chinese Panda bullion program and the innovative 22-coin Beijing Olympics commemorative program, it says.

An opening celebration was held to announce the launch to the media and numismatic professionals on June 1. More than a hundred Chinese and foreign experts, coin dealers and invited guests were present.
“With China’s rapid economic and cultural development, the Chinese coin industry has also expanded rapidly,” said Zhen Wei Gang, president of the Guangdong Province Coin Collection Association, during his opening address. “The outlook is very positive; trading continues to become more diverse and more active. Certification will help to foster the continued development of the Chinese coin market. This new venture is a major step to promote and facilitate stability for the Chinese coin market and to assure sustainable development.”

More information about Guangzhou National Standard Numismatic Collection Grading Co., Ltd. can be found online at www.gbngc.com.

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